Short Interest in Data I/O Corporation (NASDAQ:DAIO) Drops By 62.8%

Data I/O Corporation (NASDAQ:DAIO) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 2,876 shares, a drop of 62.8% from the June 15th total of 7,721 shares. Based on an average daily volume of 69,189 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Data I/O Stock Performance

NASDAQ DAIO traded down $0.03 on Wednesday, hitting $3.37. 14,448 shares of the stock were exchanged, compared to its average volume of 52,832. Data I/O has a 52-week low of $2.16 and a 52-week high of $4.49. The firm has a market capitalization of $31.64 million, a P/E ratio of -4.01 and a beta of 1.26. The stock has a fifty day moving average price of $3.55 and a two-hundred day moving average price of $3.08.

Data I/O (NASDAQ:DAIO) last released its quarterly earnings data on Friday, May 15th. The electronics maker reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.18). Data I/O had a negative net margin of 41.85% and a negative return on equity of 54.33%. The company had revenue of $3.25 million during the quarter, compared to analysts’ expectations of $4.00 million. Sell-side analysts expect that Data I/O will post -0.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DAIO has been the subject of several research analyst reports. LADENBURG THALM/SH SH raised Data I/O to a “strong-buy” rating in a report on Wednesday, May 6th. Zacks Research raised Data I/O from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Data I/O in a research note on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Data I/O has a consensus rating of “Moderate Buy” and an average target price of $5.11.

Hedge Funds Weigh In On Data I/O

Several hedge funds have recently modified their holdings of DAIO. Penbrook Management LLC lifted its position in Data I/O by 1.2% during the fourth quarter. Penbrook Management LLC now owns 356,850 shares of the electronics maker’s stock worth $1,131,000 after buying an additional 4,100 shares in the last quarter. Kovack Advisors Inc. grew its stake in shares of Data I/O by 2.2% in the fourth quarter. Kovack Advisors Inc. now owns 268,906 shares of the electronics maker’s stock valued at $871,000 after buying an additional 5,675 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in Data I/O by 24.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 43,472 shares of the electronics maker’s stock worth $138,000 after purchasing an additional 8,555 shares during the period. NewEdge Advisors LLC lifted its position in shares of Data I/O by 45.4% during the second quarter. NewEdge Advisors LLC now owns 22,402 shares of the electronics maker’s stock worth $69,000 after purchasing an additional 7,000 shares in the last quarter. Finally, DRW Securities LLC acquired a new stake in shares of Data I/O during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 36.95% of the company’s stock.

Data I/O Company Profile

Data I/O Corporation is a provider of device programming solutions for semiconductor and microcontroller manufacturers, test houses, contract manufacturers and electronics design engineers. The company’s product portfolio includes universal and site-specific programmers, automated programming systems and software tools that enable high-volume production, development and field programming of non-volatile memories and microcontrollers. Data I/O’s solutions are designed to support a wide range of programmable devices, including Flash, EPROM, EEPROM, PLDs, FPGAs and automotive-grade microcontrollers.

The company’s flagship technologies include its high-speed FlashCORE III programming engines and the SB-OS-A automated handling system, which together streamline production workflows by providing scalable, multi-site programming capabilities.